Who can buy tax authority-ordered printed invoices in Vietnam? What documents are required to buy tax authority-ordered printed invoices in Vietnam?
What is “tax authority-ordered printed invoices”?
Pursuant to Clause 3, Article 3 of Decree No. 123/2020/ND-CP stipulating as follows:
Definitions
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3. “tax authority-ordered printed invoices” means invoices in the paper form which are printed according to an order placed by the tax authority and resold to eligible entities as defined in Article 23 hereof for use when selling goods/providing services.
Thus, “tax authority-ordered printed invoices” means invoices in the paper form which are printed according to an order placed by the tax authority and resold to eligible entities.
Who can buy tax authority-ordered printed invoices in Vietnam? What documents are required to buy tax authority-ordered printed invoices in Vietnam?
Who can buy tax authority-ordered printed invoices in Vietnam?
Pursuant to Article 23 of Decree No. 123/2020/ND-CP stipulating as follows:
Use of tax authority-ordered printed invoices
Departments of Taxation in provinces and centrally-affiliated cities (hereinafter referred to as “provincial Departments of Taxation”) may order the printing of invoices resold to the following entities:
1. Enterprises, business entities, and household or individual businesses mentioned in Clause 1 Article 14 hereof if they do not have electronic transactions with tax authorities, IT infrastructure, accounting software systems or e-invoicing software functioning as the tools of using e-invoices and transmitting e-invoice data to buyers and tax authorities.
Enterprises, business entities, and household or individual businesses may buy invoices from tax authorities for a period of up to 12 months while tax authorities must have solutions for gradually converting to the use of e-invoices. Before using e-invoices, business entities, and household or individual businesses must apply for use of authenticated or unauthenticated e-invoices (if eligible) in accordance with the provisions in Article 15 hereof.
2. Enterprises, business entities, and household or individual businesses during the period of failure of the tax authority’s authentication code issuing system as prescribed in Clause 2 Article 20 hereof.
Thus, enterprises, business entities, and household or individual businesses falling into one of the cases specified above will be able to order tax authority-ordered printed invoices.
What documents should enterprises, household or individual businesses prepare to order tax authority-ordered printed invoices in Vietnam?
Pursuant to Article 24 of Decree No. 123/2020/ND-CP stipulating as follows:
Selling tax authority-ordered printed invoices
1. An enterprise, business entity, or household or individual business that is eligible to buy invoices from the tax authority (hereinafter referred to as “buyer”) shall submit an application for invoice purchase (using Form No. 02/DN-HDG in Appendix IA enclosed herewith), accompanied by the following documents, to the tax authority:
a) The buyer (the applicant or person authorized in writing by the enterprise, business entity, or household or individual business as prescribed by law) shall present his/her unexpired ID card or citizen’s identity card;
b) The buyer that buys invoices for the first time shall provide a commitment (using Form No. 02/CK-HDG in Appendix IA enclosed herewith) on its business location which must be same as that specified in the certificate of enterprise registration, certificate of branch registration, certificate of household business registration, taxpayer registration certificate, TIN notification, investment registration certificate, certificate of cooperative registration or establishment decision issued by a competent authority;
c) The buyer shall take responsibility to write or stamp name, address and TIN on copy 2 of every purchased invoice before taking them from the tax authority’s premises.
Thus, an enterprise, business entity, or household or individual business that is eligible to buy invoices from the tax authority shall submit an application for invoice purchase, accompanied by the following documents, to the tax authority:
- Unexpired ID card or citizen’s identity card;
- The buyer that buys invoices for the first time shall provide a commitment on its business location which must be same as that specified in the certificate of enterprise registration, certificate of branch registration, certificate of household business registration, taxpayer registration certificate, TIN notification, investment registration certificate, certificate of cooperative registration or establishment decision issued by a competent authority;
- The buyer shall take responsibility to write or stamp name, address and TIN on copy 2 of every purchased invoice before taking them from the tax authority’s premises.
Invoices shall be sold to eligible buyers on a monthly basis.
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